another, qe1, 2, 3, it is, but they don't call it 3. >> that's right. this has been what the fed's been doing since the beginning of the federal rereceiver act in 1913, and, however, it's never been done on the unprecedented scale that the federal reserve practices now since obama took office. >> would you agree, perhaps, even concede that we have known what in the world to do as economist, philosophers, or politicians, since october of 2008 to stave off disaster and to restore the economy, that the federal reserve, however unpopular it may be, and i understand your version to it and your misgivings, but the facts of the matter is not much of anything has been working other than monetary policy led by ben bernanke. >> there are two ways out of an economic recession, even an economic depression.